#Canada #Vancouver #Luca Mining #Campo Morado #Drill Results

Luca Mining Corp. Unveils Drill Results from Campo Morado Project

Luca Mining Corporation, known for its operations in the Sierra Madre mineralized belt of Mexico, recently announced promising results from its ongoing underground drilling program at the Campo Morado mine. This exploration endeavor is aimed at assessing and expanding the mine's current resources.

Overview of the Drill Results

On May 12, 2025, Luca Mining revealed significant findings from their Phase One exploration program, which includes drilling approximately 5,000 meters. The highlights of the project include drillhole CMUG-25-012, which encountered remarkable mineralization over 3.8 meters, yielding an impressive 12.54 g/t AuEq. This interval provides a strong indication of a new ore zone within the G9 deposit.

Drillhole CMUG-25-012 showcased a breakdown of the mineralization as follows: 5.4 g/t Au, 288 g/t Ag, 0.8% Cu, 2.2% Pb, and 6.4% Zn. These results are particularly exciting because they exhibit a rich polymetallic presence, hinting at vast potential for new ore discoveries in the area.

Additionally, 16 underground drillholes have been completed so far, highlighting previously untapped high-grade mineralisation zones close to the existing mine workings. The findings are expected to inform strategic updates to the mineral resource and mine plans, optimizing production opportunities.

Strategic Exploration Goals

This year's underground exploration campaign marks the first large-scale assessment at Campo Morado since 2014. The primary goal is to explore under-drilled areas near active mine workings that are believed to house substantial new mineable resources. Paul D. Gray, Luca's Vice President of Exploration, emphasized that their findings confirmed existing geological models by demonstrating the continuity and extent of the known mineralized trends. Their work aims to quickly integrate new discoveries into the mine's operational framework, impacting both the short-term and medium-term planning.

The successful discovery of high-grade mineralization in previously overlooked locations reinforces the belief that, despite prior exploration efforts, significant quantities of ore remain yet to be found. The next phases of exploration will continue to build on this momentum.

Surface Exploration Initiatives

Luca Mining has initiated a concurrent surface exploration program at Campo Morado, focusing on highly prospective targets. The Phase 1 surface drilling program is set to cover 2,500 meters, concentrating on the Reforma and El Rey deposits, both of which have not seen drilling since 2010. With 38 targets identified based on a comprehensive historical exploration database, the potential for discovering further high-grade deposits remains substantial.

Historical Context and Future Outlook

Campo Morado is situated in Guerrero State, Mexico, encompassing a significant cluster of polymetallic deposits with resources including gold, silver, zinc, copper, and lead. The comprehensive drilling data collected previously has established a strong foundation for ongoing explorations and will facilitate the identification of additional mineral potential.

Despite the challenges faced in the mining industry, the prices for essential metals have risen significantly since earlier assessments of the Reforma and El Rey deposits. This economic reality augments the strategic value of Luca Mining's ongoing exploration efforts, promising to enhance the mine's profitability and sustainability for stakeholders in the future.

In conclusion, as Luca Mining progresses with its exploration initiatives at Campo Morado, the prospects of uncovering new mineral resources seem bright. With a focused approach on both underground and surface exploration, the company is well-poised to bolster its production capabilities and contribute significantly to the mining landscape in Mexico.

Company Overview

Luca Mining Corporation operates two wholly-owned mines in the mineral-rich regions of Mexico, contributing valuable resources while generating strong cash flows. The Campo Morado and Tahuehueto mines not only present current production opportunities but also harbor vast potential for further exploration and development.

Their strategic exploration missions, underpinned by a robust historical database, will continuously inform future endeavors, focusing on optimizing profitability while maintaining responsible mining practices.